问题如下:
Which of the following statements regarding commercial mortgage-backed security (CMBS) is correct?
选项:
A.Call protection will improve the credit rating of CMBS.
B.Some CMBS are recourse loan.
C.Balloon payment in CMBS is credit positive for investor.
解释:
A is correct.
CMBS are no recourse loans. Balloon payment increased extension risk for investor, which is credit negative.
在CMBS中的Call Protection 并不是一种option,而是一种trench是吗?